Brief: Betsson Q3 Casino Revenue Increased By 27%

Betsson AB

26/10/2023 07:12

Oct 26 (Reuters) - Betsson AB  BETSb.ST :
    * Q3 CASINO REVENUE INCREASED BY 27%
    * Q3 SPORTSBOOK REVENUE INCREASED BY 2% AND SPORTSBOOK
MARGIN WAS
7.3% (8.3%)
    * REVENUE FOR GROUP GROWTH WAS BROAD-BASED WITH HIGH GROWTH
IN ALL
MAJOR REGIONS EXCEPT FOR NORDICS
    * AVERAGE DAILY REVENUE IN Q4 UP UNTIL AND INCLUDING OCT 20
WAS 
11.9 PERCENT HIGHER THAN AVERAGE DAILY REVENUE OF THE FULL
FOURTH QUARTER 2022
    * UP UNTIL AND INCLUDING OCT 20 SPORTSBOOK MARGIN HAS BEEN
SIGNIFICANTLY LOWER THAN AVERAGE MARGIN FOR LAST EIGHT QUARTERS
    * Q3 REVENUE FROM NORDICS WAS EUR 46.1 (53.8) MILLION, A
DECREASE
OF 14.3%.
    * SWEDEN REPORTED DECREASED REVENUE COMPARED TO THE
CORRESPONDING
PERIOD LAST YEAR DUE TO  DECREASED MARKETING ACTIVITIES
    * FINLAND REPORTED DECREASED REVENUE COMPARED TO THE
CORRESPONDING
PERIOD LAST YEAR, MAINLY  DRIVEN BY THE CASINO PRODUCT

Source text for Eikon:  ID:nWkr2qmt3c 
Further company coverage:  BETSb.ST 

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